Bitcoin steadily declined overnight and into the early morning hours, reaching as low as $7,500 at 5 a.m. Eastern time. For a moment, it looked like Bitcoin’s (BTC) support level was about to give way, which would have caused a crash. Instead, support held, and Bitcoin (BTC) bounced back to $7,800 by noon. Since then,… Read more

Blog posts are coming out today validating our idea from yesterday that legacy financial markets and banks may be headed for a “black swan” event. A black swan is market slang for a big negative event that comes out of nowhere. Three pieces caught our eye this morning. One article briefly mentions that Chinese President… Read more

Bitcoin (BTC) steadily declined from $8,100 yesterday evening to $7,800 this morning around 7 a.m. Eastern time before bouncing back to over $8,000 around 11 a.m. Bitcoin (BTC) then dropped to as low as $7,700 by 4 p.m. but has rebounded to just over $7,800 currently. Zooming out, Bitcoin (BTC) has been sideways and volatile… Read more

Long Bitcoin (BTC), short the banks has been a long-held Crypto rally cry, especially on Twitter. Looking at a chart of XLF (S&P financial stocks ETF), it does look like financial stocks could drop sharply. The pattern in XLF is very similar to the one that unfolded in September of last year. Back then, there… Read more

The price of Bitcoin (BTC) steadily declined from $8,100 yesterday evening to $7,800 this morning. Then Bitcoin (BTC) pivoted and began to steadily rise, and currently, Bitcoin (BTC) is trading between $8,000 and $8,100. Zooming out, since Sunday Bitcoin (BTC) has been sideways and volatile, trading between support at $7,600 and resistance at $8,300.… Read more

Hot on the heels of our recent success in using the work of Jesse Livermore, we are going to stay with this construct and update the visuals for big coins. As a review, Livermore was a famous trader from the early 1900s. He is featured in a classic trading book, “Reminiscences of Stock Operator.” He… Read more

On Saturday evening, the price of Bitcoin (BTC) rapidly rose from $7,300 to $8,000, and by Sunday evening, Bitcoin (BTC) tested resistance at $8,300 but was pushed back. The uptrend over the weekend recovered the losses from Thursday’s flash crash that saw Bitcoin (BTC) drop from $7,700 to $6,200 within minutes before stabilizing near $7,300.… Read more

Hot on the heels of our recent success in using the work of Jesse Livermore, we are going to stay with this construct. As a review, Livermore was a famous trader from the early 1900s. He is featured in a classic trading book, “Reminiscences of Stock Operator.” He is considered one of the most famous… Read more

Listen to the May 20 Crypto.IQ Daily Radio Show On this edition of the Crypto.IQ Daily Radio Show, we do a deep dive market analysis. Bitcoin (BTC) and the rest of the crypto market has recovered from the flash crash on Thursday. Bitcoin (BTC) reached as high as $8,300 yesterday but has pulled back a… Read more

Bitcoin (BTC) has steadily declined since hitting a new 2019 high of $8,365 on Wednesday, dropping to $7,800 by 10 p.m. Eastern time yesterday. Bitcoin (BTC) then experienced a flash crash, dropping as low as $6,200 on Bitstamp, an astonishing $1,600 crash within minutes. Apparently, this flash crash was triggered by a whale dumping $35… Read more